PGL - Interest rates

The RPI rate is 3.3% until 31 August 2019. This will change in September based on the RPI from March of that year.

What is the Retail Price Index

The Retail Price Index (RPI), is a measure of UK inflation. It measures changes to the cost of living in the UK. The UK government uses the rate of RPI for many purposes, including setting the interest rate charged on student loans.